As of Thursday close, Western Alliance Bancorporation’s (NYSE:WAL) stock was down -$0.73, moving down -1.57 percent to $45.71. The average number of shares traded per day over the past five days has been 1,702,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.42 fall in that time frame. In the last twenty days, the average volume was 1,327,740, while in the previous 50 days, it was 2,119,782.
Since last month, WAL stock retreated -2.89%. Shares of the company fell to $44.51 on 09/21/23, the lowest level in the past month. A 52-week high of $81.17 was reached on 02/02/23 after having rallying from a 52-week low of $7.46. Since the beginning of this year, WAL’s stock price has dropped by -23.25% or -$13.85, and marked a new high 16 times. However, the stock has declined by -43.69% since its 52-week high.
WAL stock investors should be aware that Western Alliance Bancorporation (WAL) stock had its last reported insider trading activity 193 days ago on Mar 13. JOHNSON MARIANNE BOYD, the Director of the company, purchased of 2,475 shares for $25.79 on Mar 13. It resulted in a $63,830 investment by the insider. Bruckner Tim R sold 1,750 shares at an average price of $73.16 on Feb 21. The insider now owns 20,244 shares following the transaction. On Feb 02, Chief Accounting Officer Ardrey J. Kelly Jr. sold 3,000 shares at $80.59 apiece. The transaction was valued at $241,770.
Valuation Metrics
Right now, Western Alliance Bancorporation (WAL) has a P/E ratio of about 5.48. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 1.41, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 4.91 may also be considered.
The latest dividend of $0.36 per share was paid out, remained unchanged from last year’s $0.36. On Thursday July 28 2022, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.31, and the total debt-to-equity ratio was 0.31. In the year ended June 29, operating margins totaled 64.70%. Based on annual data, WAL earned $2.22 billion in gross profit and brought in $2.69 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.00%. Return on equity (ROE) for the past 12 months was 17.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Western Alliance Bancorporation to report $1.98 quarterly earnings, the actual figure was $1.96 per share, beating the consensus estimate by -1.00%. The value of shareholders’ equity is $109.5 million.
Technical Picture
This quick technical analysis looks at Western Alliance Bancorporation’s (WAL) price momentum. With a historical volatility rate of 28.80%, the RSI 9-day stood at 32.90% on 21 September.
With respect to its five-day moving average, the current Western Alliance Bancorporation price is down by -6.96% percent or -$3.42. At present, WAL shares trade -6.45% below its 20-day simple moving average and +23.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.37% above its SMA50 and -30.36% below its SMA200.
Stochastic coefficient K was 15.39% and Stochastic coefficient D was 21.67%, while ATR was 1.78. Given the Stochastic reading of 17.42% for the 14-day period, the RSI (14) reading has been calculated as 39.28%. As of today, the MACD Oscillator reading stands at -1.18, while the 14-day reading stands at -1.56.
Analyst Ratings
Western Alliance Bancorporation (WAL) has been rated Buy by analysts. According to 0 brokerage firms, WAL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Western Alliance Bancorporation stock as buy, with 15 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $41.00 – $70.00. Based on these forecasts, analysts predict Western Alliance Bancorporation (WAL) will achieve an average price target of $60.13.
